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The VA Home Loan is the most powerful home buying tool on the market. It—and the GI Bill—literally reshaped post-War America, and it’s a big reason why the historic VA Loan Guaranty Program has surged since the housing crash. Despite generations of historic success, though, several myths and misconceptions deter millions of Veterans and Servicemembers […]
Phoenix Valley is a hot commodity (no pun intended!) Buyers are relocating and retiring here from just about everywhere. Corporate HQ relocation, high job growth, dry climate and amazing resources make this America’s go to destination today and in the future. When People Have to Move… Our home inventory continues to be low making good […]
Unusual Housing Market Dynamics Contributing to Stall in Consumer Sentiment HPSI’s Low-Level Plateau Continues as Consumers Remain Frustrated by Lack of Affordability The Fannie Mae Home Purchase Sentiment Index® (HPSI) remained effectively unchanged in August, as consumer confidence toward housing continued along the low-level plateau set earlier this year. Three of the HPSI’s six components increased month over […]
You may see media coverage talking about a drop in homeowner equity. What’s important to understand is that equity is tied closely to home values. So, when home prices appreciate, you can expect equity to grow. And when home prices decline, equity does too. Here’s how this has played out recently. Home prices rose rapidly […]
Governor Whitmer Eliminates Remaining Real Estate Limitations and Reopens Much of the State. Today, Governor Gretchen Whitmer signed Executive Order 2020-110, rescinding her “Safer at Home” Order, and moving the entire state to phase four of the MI Safe Start Plan. This action removes most of the restrictions that real estate brokerages and clients have been operating […]
Your mortgage rate depends on your own financial portfolio and the home you plan to buy. But that’s not all. Mortgage rates also reflect movements in the U.S. housing market and the global economy — which is why they’re in constant flux. Economy – The global financial picture drives all interest rates, including mortgage rates Lender pipeline – The amount […]
HUD Announces New FHA Condo Financing Rules! The U.S. Department of Housing and Urban Development is expected to release updated guidance tomorrow on FHA-insured condominium financing. The new rules should benefit your real estate clients and customers by allowing more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the new rules will: […]
14 Things to Avoid Before Buying a House Many first-time home buyers are surprised to discover just how many ways you can mess up a home purchase. You may have got your pre-approval, found a home you loved and made an offer. But if you want to avoid messing up the transaction, you will need […]
The Ultimate Truth About Housing Affordability There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National […]
Lease Options, Land Contracts & “Timed-Purchase” with Early Occupancy… Options to purchase a home outside of getting financing today exist for about the same reasons. The home seeker does not have the resources to buy a home at this time. It could be a credit problem from bankruptcy or foreclosure, divorce, job loss, medical hardship, […]